Video App Startsups like SocialCam and Tout are Hot Investments
We wrote recently that Venture Capitalists are hot for video startups. Since then, two companies we highlighted hit major milestones: SocialCam was acquired for 60M and Tout raised 13M.
We wrote recently that Venture Capitalists are hot for video startups. Since then, two companies we highlighted hit major milestones: SocialCam was acquired for 60M and Tout raised 13M.
SocialCam Acquired
SocialCam announced a few weeks ago that Autodesk acquired the company for 60M.
Does 60 million sound like a small price, after Facebook’s acquisition of Instagram for 1 billion? Let’s put it in perspective.
SocialCam was just getting started when I met with them late last year. And get this: SocialCam still has just 3 employees! So that has to set some kind of record ….
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